The business analyst for Video Sales, Inc. wants to forecast this year's demand for DVD decoders based
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Question:
The business analyst for Video Sales, Inc. wants to forecast this year's demand for DVD decoders based on the following historical data:
Year | Enrollments |
5 Years ago | 900 |
4 Years ago | 700 |
3 Years ago | 600 |
2 Years ago | 500 |
Last Year | 300 |
What is the forecast for this year using exponential smoothing with alpha = 0.4, if the forecast for two years ago was 750?
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